Following a round of wage freezes (amid 400% inflation), Martínez de Hoz further threatened community banks in February 1977 with his Financial Entities Law.

The measure prohibited non-profit banking and raised minimum capital requirements to US$10 million, both of which precluded most smaller credit unions in the country at the time.

This adversely affected credit unions further by allowing larger, commercial banks to offer depositors exotic investment vehicles with high yields.

Elected in 1985, Alegre and Heller inherited a financially insolvent football club and a stadium unable to meet municipal safety requirements.

A close ally of President Néstor Kirchner, Filmus proceeded to a runoff election; but he and Heller were amply defeated by the center-right Republican Proposal candidate, Mauricio Macri.